Business in Cameroon reported that Metafrique Steel announced that it has absorbed Airgaz Cameroun, a company that produces and distributes industrial and medical gases. Metafrique Steel said “Airgaz Cameroun SA and Metafrique Steel approved the proposal for a partial contribution of assets from the former to the latter. Metafrique Steel will receive all the shares of Airgaz Cameroon, in remuneration of its contributions, 1 000 shares of CFA10 000 each, making the capital of Airgaz Cameroon (CFA10 million FCFA) and the remainder will be recorded as a premium of the partial contribution of assets in the accounts of Airgaz Cameroon, CFA1 838 404 695.” Metafrique Steel is one of the two local subsidiaries of the Indian group Metafrique founded by Mr Arun Goswami. Through this strategic move with Airgaz Cameroon, the steel manufacturer enters the Cameroonian industrial and medical gases market.
Business in Cameroon reported that Metafrique Steel announced that it has absorbed Airgaz Cameroun, a company that produces and distributes industrial and medical gases. Metafrique Steel said “Airgaz Cameroun SA and Metafrique Steel approved the proposal for a partial contribution of assets from the former to the latter. Metafrique Steel will receive all the shares of Airgaz Cameroon, in remuneration of its contributions, 1 000 shares of CFA10 000 each, making the capital of Airgaz Cameroon (CFA10 million FCFA) and the remainder will be recorded as a premium of the partial contribution of assets in the accounts of Airgaz Cameroon, CFA1 838 404 695.” Metafrique Steel is one of the two local subsidiaries of the Indian group Metafrique founded by Mr Arun Goswami. Through this strategic move with Airgaz Cameroon, the steel manufacturer enters the Cameroonian industrial and medical gases market.
